The PwC Model Risk Manager serves your institution as a control framework around the management of models. With this application, your financial institution can organise, evaluate and monitor all the models used across the organisation in a user-friendly environment.
The MRM platform combines the Model Inventory, Model Workflow and Reporting functionalities all-in-one box.
The user connects to the MRM through an interactive web application.
The MRM saves you time and resources by automating the governance processes surrounding your models.
The MRM tool complies with regulatory requirements, follows market practices, and the information stored in the tool has an auditable track.
1. Model Inventory
The Model Inventory serves as a structured and powerful database of your models with more than 200 attributes in the off-theshelf version and the possibility of customisation per your specific needs. Its main purpose is to assist banks, insurance companies and other financial institutions in storing, supervising and documenting their models using a user-friendly dashboard.
2. Model Workflow
The Model Workflow provides the key functionality to support the whole model lifecycle, including the flexibility to be adjusted per individual models. Workflow enables multiple user roles to be set up and supports a four-eyes principle.
3. Reporting
The MRM tool visualises the distribution of attributes across a bank’s portfolio of models either in the form of build-in reporting functionality, customisable reports or usage of third-party reporting platforms.
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Model Typology
User Roles
Finding Tracker
Auditability